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BRC says consumer spending expectations are negative but better than most of 2025

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2 months ago

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October 23, 2025

The British Retail Consortium’s latest consumer expectations survey for the next three months delivered not-so-great news for the fashion sector on Thursday. However, there was an upside to the new figures.

Reuters

BRC-Opinium data from a survey conducted this month shows 25% of consumers planning to spend less on fashion during the Golden Quarter with only 15% planning to spend more. That gives a net result of -10%.

That’s clearly not a great number, so what’s the upside? It’s still better than the same survey conducted every month in the last year. The numbers for the whole of the last 12 months have been worse, much worse at times (as bad as -24% in January).

As for the health & beauty sector, 18% of those surveyed expect to spend less while 14% expected to spend more. That’s a net result of -4% and again, is better than the figures for the past year. 

Overall the survey shows expectations of personal financial situations worsening but personal spending on retail being expected to rise and the amount consumers having saved likely to fall. That’s probably a reflection of the feeling that certain spending is unavoidable during the festive season.

Helen Dickinson, CEO of the British Retail Consortium, said: “With Christmas now around the corner, expectations of spending, particularly on retail goods, rose sharply, with a corresponding drop in expected savings. This effect was pronounced among Millennials and Gen X, the generations most likely to have children living at home. Worries about the cost of Christmas, coupled with concerns about potential tax rises in the upcoming Budget are likely to have contributed to the drop in sentiment around personal finances, which fell into double-digits for the first time since May.”

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Ex-Levi Americas president buys Dr Martens shares

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10 minutes ago

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December 8, 2025

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December 8, 2025

Share purchases in key companies are always interesting but we wouldn’t normally mention anyone buying a relatively small amount of shares, especially not an amount adding out to ‘only’ £75,000.

Image: Dr Martens

But given that the company concerned saw fit to announce the purchase itself and given that the company is in the middle of a major turnaround, it’s of more interest than it might usually be.

Dr Martens announced on Monday that Robert Hanson, who joined the board as an independent non-executive director in March, has purchased 96,000 shares in Dr Martens – worth over £75,000.

Share purchases by insiders are particularly significant given that those insiders tend to have the best view of how the company is faring with its turnaround and an individual committing a significant sum of their own money is particularly interesting.

Hanson currently serves as CEO of The Duckhorn Portfolio. His previous roles include EVP and president of Constellation Brands’ Wine & Spirits, president of Americas at Levi’s as well as CEO roles at American Eagle Outfitters and John Hardy. 

He purchased 96,000 ordinary shares at a price of £0.7886 per share. The buy suggests he believes that the shares, which are much lower than their all-time high of £5+, represent good value and should rise. 

Dr Martens is currently working through a recovery from a major period of weakness and it seems to be yielding results. Its first half update in November showed progress, with America recovering in particular even though EMEA still showed weakness.

A week later, it also announced the opening of its new Soho, London flagship and that’s a key development. The store “represents the most elevated expression of the… brand to date”. The first-ever ‘beacon’ store is on Brewer Street with its two floors spanning 3,400 sq ft to make it the brand’s biggest UK flagship – “built to bring the people and product of Dr Martens together”.

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Boss presents inaugural ‘Boss Award’ in Miami Beach

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41 minutes ago

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December 8, 2025

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December 8, 2025

Boss is further deepening its role as a patron of the international art scene and as a partner of Art Basel. At the inaugural Art Basel Awards Night in Miami Beach last week, the fashion house presented the Boss Award for Outstanding Achievement for the first time. The 2025 award goes to the artist Meriem Bennani, whose multimedia practice is renowned for its innovative, humorous, and critically engaged storytelling.

Meriem Bennani is known for weaving humour, pop-cultural aesthetics, and digital language into her storytelling. – BOSS

The Moroccan-born New Yorker works across a variety of artistic media, including video, sound, animation, sculpture, and large-scale installations. She is known for combining humour, pop-cultural aesthetics, and digital language in her narratives to create immersive, playful yet incisive works that resonate with audiences.

The prize was presented by CEO Daniel Grieder and creative director Marco Falcioni. The award will continue to recognise artistic practices that open up new perspectives and spark relevant social dialogue.

“I am deeply honoured to have my work recognised by such an iconic brand that has long championed innovative art that speaks to a wider public. This award inspires me to continue creating works that challenge perspectives and celebrate the beauty of collective experiences,” said Meriem Bennani at the award ceremony.

The highlight of the ceremony was the installation of an immersive catwalk entitled “1995–2025: 30 Years of Arts Sponsorship,” which spotlighted the brand’s arts patronage over the past three decades. Milestones included the “Paper Suit” by artist James Rosenquist from 1998, which marries the timeless craftsmanship of tailoring with the ephemerality of paper. Also featured were the Hugo Boss Prize, awarded for many years in collaboration with the Solomon R. Guggenheim Foundation and Museum, and a retrospective of the Hugo Boss Asia Art Award, launched jointly with the Rockbund Art Museum in Shanghai.

“Art has been an integral part of our DNA for over 30 years, and our partnership with Art Basel takes our commitment to a new level. We are proud to present the inaugural Boss Award for Outstanding Achievement to its first recipient, Meriem Bennani. This award marks the beginning of an exciting journey, and we look forward to shaping the future of art together,” said CEO Daniel Grieder.

The Art Basel Awards, launched in February, honoured 36 medallists from the contemporary art sector in nine categories. Bottom right, Meriem Bennani holds the Boss Award.
The Art Basel Awards, launched in February, honoured 36 medallists from the contemporary art sector in nine categories. Bottom right, Meriem Bennani holds the Boss Award. – HUGO BOSS

“Fashion is an integral part of our everyday lives and serves as a bridge between the individual and society, often blurring the line between functionality and art. From our beginnings to our latest fashion show, Hugo Boss has been committed to the dialogue between fashion and contemporary art, as it continues to inspire innovation, creativity, and forward-thinking ideas,” added creative director Marco Falcioni.

The Boss Award is endowed with $100,000 and supports both future projects and a charitable initiative of the laureate’s choice. The award is open to living artists working across all media, with a particular focus on emerging talents who are shaping discussions within and beyond the art world.
 

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Comité Colbert elects Hélène Poulit-Duquesne as new chair of luxury federation

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1 hour ago

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December 8, 2025

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December 8, 2025

The Comité Colbert has unanimously elected Hélène Poulit-Duquesne to be the new chair of the leading French luxury federation. Poulit-Duquesne, the CEO of Maison Boucheron, succeeds Laurent Boillot. She will take up her new responsibilities in June 2026, working alongside Bénédicte Épinay, general delegate of the Comité Colbert.

Hélène Poulit-Duquesne – Boucheron

 
Poulit-Duquesne has been a long-term active member of the Comité Colbert. As CEO of Maison Boucheron, she has served on the association’s board of directors since 2018 and became its vice president in May 2022.
 
“I am proud and happy for the trust placed in me today. My roadmap is to continue supporting the Comité Colbert’s major challenges: promoting our expertise and supporting our industries, collectively promoting our values and our Houses internationally, and placing sustainable development, a future challenge for the planet and our professions, at the heart of our strategies,” said the Boucheron CEO in a release.

The Comité Colbert’s membership includes a wide variety of French luxury labels such as fashion houses like Louis Vuitton, Balenciaga, Dior, Givenchy, Jean Paul Gaultier, and Balmain; fine wines like Château Lafitte Rothschild and Perrier Jouët champagne; perfume brands- Frédéric Malle, Guerlain, and Francis Kurkdjian; jewellers such as Van Cleef & Arpels and Messika; and master chefs and restaurants including Yannick Alléno, Taillevent, and Guy Savoy.
 
“Each Maison of the Comité Colbert, beyond its individual performance and regardless of its market share and size, has a greater role to play: that of defending values that are universal and cement the foundation of our collective: the values of art, culture, and craftsmanship, the hand of man. Because they have meaning, they give meaning. They enrich the lives of millions of people and inspire them to dream,” insisted Poulit-Duquesne.
 
A notably experienced executive, Poulit-Duquesne has held senior positions in three of the largest luxury groups in the world- LVMH, Richemont, and Kering.
 
Hélène Poulit-Duquesne is a graduate of ESSEC Business School in the Paris suburbs, who began her career at LVMH before joining Cartier International, the key brand in the Richemont Group, in 1998. In 2010, she joined its Executive Committee as director of international marketing, before joining the Kering Group at the end of 2015 as CEO of Maison Boucheron.
 
“I am delighted at the prospect of working with Hélène Poulit-Duquesne to serve, together with our collective, the influence of an industry whose excellence and creativity are one of the major jewels in the crown of the French economy. We are committed to supporting its development, honouring its expertise, and amplifying its international influence,” added Épinay.
 
Created in 1954 on the initiative of famed perfumer Jean-Jacques Guerlain, the Comité Colbert is a non-profit association recognised as being of public interest, bringing together 98 French luxury houses and 17 cultural institutions. The Comité Colbert’s goal is to work together to promote the French art of living internationally, as well as to preserve and pass on French expertise and creativity.

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